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Last Frontier KPBM March 2015

Bank branches are changing, but not going away. A regional director’s tips for SBA loans and our feature, Last Frontier explores how a national bank’s recession failure sent local companies scrambling as foreclosures came down.

Bank branches are changing, but not going away. A regional director’s tips for SBA loans and our feature, Last Frontier explores how a national bank’s recession failure sent local companies scrambling as foreclosures came down.

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WWW.KPBJ.COM<br />

regional economy | john powers<br />

Confluence of attributes creates economic future<br />

From the strategic confluence of four<br />

primary community attributes (population,<br />

land use, transportation and commerce)<br />

springs a community’s<br />

economic future.<br />

<strong>Last</strong> October I wrote<br />

about how communities<br />

across Kitsap are in the<br />

process of shaping Kitsap’s<br />

economic future as<br />

they update their longrange<br />

comprehensive plans<br />

(www.kitsapsun.com/kpbj/areas-compplan-udates).<br />

I talked about the purpose<br />

of community comprehensive planning in<br />

order to anticipate and effectively manage<br />

growth; and, how to assess, align and<br />

aim community resources at a targeted<br />

future.<br />

I also shared my perspective on the importance<br />

of garnering meaningful input<br />

from all the various community stakeholders;<br />

in particular, the business community<br />

as ongoing investors in our collective<br />

economic future. Over the past six<br />

months, a great deal has already occurred<br />

in the process of updating our comprehensive<br />

plans, and much more will follow<br />

in the next fifteen.<br />

<strong>Last</strong> fall our Alliance provided market<br />

data regarding our local economy at a series<br />

of town-hall meetings hosted by the<br />

county throughout Kitsap. In October our<br />

Decision Makers II event focused on the<br />

economic development aspects of projected<br />

growth in the unincorporated urban<br />

growth area of Silverdale. At our December<br />

board meeting in Port Orchard, we<br />

MARCH <strong>2015</strong> | 37<br />

captured valuable input from many of the<br />

largest private-sector employers in Kitsap<br />

as to their future needs involving transportation,<br />

infrastructure, workforce, zoning<br />

and building permits, and maintaining<br />

an overall vibrant business climate.<br />

And, at our Alliance’s annual economic<br />

forecast conference in January, we conducted<br />

a web-based “instant survey” in<br />

which scores of attendees provided direct<br />

and instantaneous input on a variety of<br />

questions pertaining to planning for Kitsap’s<br />

economic future.<br />

This survey yielded some predictable<br />

and not-so-predictable responses. The<br />

majority of respondents deemed the overall<br />

business climate in Kitsap as average<br />

to good (less than 5 percent ranked it as<br />

poor). Most employers anticipated growing<br />

and hiring more FTE’s this year —<br />

matching the overall perception that Kitsap’s<br />

economy is growing. And when it<br />

came to identifying priorities in advancing<br />

business opportunities, one out of<br />

three identified “skilled workforce” as<br />

their top priority.<br />

On the not-so-predictable inputs, the following<br />

selections surprised many as they<br />

gleaned the immediate inputs: technology<br />

see future | 38<br />

market | from 27<br />

zoning change that would allow buildings<br />

of that height along Bay Street.<br />

“What he really wants to see,” Ryan<br />

said, “is he wants the market to succeed,<br />

he wants the retail to succeed — he wants<br />

the first one to two levels of every building<br />

to be retail. And maybe a level of professional<br />

(offices), and the rest of them<br />

adult-living condos.<br />

“People who want to be in a downtown<br />

core, who want to be near the marinas,<br />

who want to have views, and have the<br />

money to do it. And those are the people<br />

who are going to support the market.”<br />

Will the market make it?<br />

Brozovic said he suggested ways to generate<br />

more sales at Bay Street Meat Co.,<br />

such as adding a smoker at the shop, doing<br />

barbecue outside in the vacant lot<br />

next to the market and setting up an offsite<br />

game processing operation. But nothing<br />

came of the ideas.<br />

Ryan said city codes won’t allow a smoker<br />

in the market, though he recently spent<br />

almost $10,000 on “a custom-built smoker/<br />

rotisserie/grill, on a custom-made trailer,”<br />

which will be used off-site since there’s<br />

currently not space for it at the market.<br />

It could be used as part of Hogfest, a barbecue<br />

cook-off that Ryan envisions as a<br />

countywide event and a big promotion for<br />

the market in <strong>2015</strong>.<br />

Weekend special events held in recent<br />

months to draw people to the market have<br />

been organized by Katie King, who’s part<br />

of the family-run seafood business. One<br />

event was a chowder cook-off that Northwest<br />

Seafood & Wine planned to host in<br />

February, but it was canceled.<br />

The seafood shop owners would not<br />

comment on the status of their business<br />

or whether they plan to stay at the market,<br />

but some of the smaller vendors remain<br />

optimistic that the market can thrive.<br />

Though he’s no longer part of it, Brozovic<br />

hopes that will happen.<br />

“I wish them all the success,” he said.<br />

“I would love to see that market actually<br />

make it.”<br />

As for Ryan, he remains enthused about<br />

the market venture, and prospects for future<br />

development downtown. Ryan said<br />

after the recent news of Tommy C’s having<br />

to move out of its site off Bethel Road,<br />

he talked to owner Tommy Cash about relocating<br />

his restaurant and bar into the<br />

Myhre’s building.<br />

That wasn’t feasible, but Ryan said he<br />

and Samadpour are looking for a tenant<br />

there and plan to improve the building’s<br />

exterior appearance. That includes connecting<br />

the roof of Myhre’s to the market<br />

building to cover the vacant lot in between,<br />

which Ryan said could allow for a<br />

possible expansion of the market.<br />

“The thing is, what I will give Don, he<br />

is a dreamer,” Brozovic said. “And he is a<br />

guy that can look at something and go …<br />

what can I do here?”<br />

Brozovic is back on his feet again, and<br />

has returned to doing consulting work.<br />

He’s actually working on a project being<br />

built in Everett, a six-story apartment/retail/farmers<br />

market development called<br />

Potala Market Place that’s similar to what<br />

Samadpour would like to develop in Port<br />

Orchard.<br />

The future in Port Orchard may or may<br />

not include condo developments that<br />

change the physical landscape. It’s unknown<br />

whether Ryan can recruit other<br />

small businesses to fill the current market<br />

vacancies. And the question remains<br />

on whether a marketing effort to attract<br />

wider interest can be implemented as<br />

the market’s second tourist season draws<br />

near.<br />

But according to Ryan, ever the pitchman<br />

for business ideas, the viability for<br />

his project beyond its challenging first<br />

year depends on community support.<br />

“If the local community doesn’t feel like<br />

this is a good enough attraction for them<br />

to come to, “ Ryan said, “we’re not going<br />

to get enough support to keep it alive.”

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